LEND Lease has completed overnight of its issue of $275 million of Singapore dollar denominated senior unsecured notes, maturing in July 2017.
The fixed rate notes were 1.6 times oversubscribed and priced at par yielding 4.625% per annum payable semi-annually. The proceeds will be used for general business purposes.
Lend Lease CFO Tony Lombardo, said the issue demonstrates Lend Lease’s strong credit profile and provides additional capacity and flexibility to fund the group’s pipeline.
Property Review
